Finance
A NH buyer is approved for a 'jumbo' mortgage. This means the loan amount:
AIs insured by the FHA
BExceeds the conforming loan limit set by Fannie Mae and Freddie Mac✓ Correct
CHas a fixed rate that cannot change
DIs backed by the VA
Explanation
A jumbo loan exceeds the conforming loan limits set by Fannie Mae and Freddie Mac (FHFA). Jumbo loans are not eligible for purchase by Fannie/Freddie, so they are typically held on lenders' portfolios.
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